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Messages - Mr. Allcrypto

Pages: 1 ... 26 27 [28]
406
Economics , Sociology & Politics / Re: Cost of living
« on: February 13, 2024, 07:41:55 AM »
The cost of living in Nigeria as of today is very high, and I agree with your post and also I just talked about inflation recently in the forum, due to the economy we are in now, the high cost of living is due to the inflation rate in our country. And the solution to the problem is is the government will take right actions to work things out so that our currency can have more economic value in the exchange rate.
Also our citizens should work hard, and not fully dependent on the government for everything, and that is where I also speak about entrepreneurship earlier in the forum, you guys can also check my post and talk about your own point of views.

Funfact!!  If we country better na all of us nai go jolly ooo😉

407
There are many ways to become a successful entrepreneur, which i didn't mention above, but feel free to ask anything so that we can as well enlighten and educate each other...

408
Entrepreneurship is the act of creating or extracting of economic values in ways that generally involve  some amount of risk (assumed by a local business), and potentially involving values besides simply economic ones.
Furthermore, we can say that the process of setting up a business(mini or large) is known as "entrepreneurship".
An  entrepreneur is someone who create's or innovate ideas with the goal of earning financially or gaining economic value.
In our day to day activities, we tend to see how people do businesses to stand financially, Some creates new idea to earn while others been inspired by people's idea create their personal or joint businesses with the goal of extracting economic value, or earning financially.

The benefits of entrepreneurship In Nigeria is, most entrepreneurs are independent and they don't rely on salaries because of their business ideas that are profitable to them. As an entrepreneur one can also become and employer which will be paying employees for their services to his business, and we also have many big entrepreneurs in Nigeria up till date, in terms of Aliko Dangote, Azikiel etc.., which are successful.

In order to be a successful entrepreneur, one must set some goals to be earned and also should not be tied down by one particular means of doing things. Creativity is another means of becoming a successful entrepreneur; you must be creative and also find your passion to create positive ideologies. In everything you do, there must be some Up's and Down's which will affect your idea either positively or negatively, so in order to overcome this, you have to have a creative mindset of doing business and also devote your time and be hardworking to achieve your goals in life...

Funfact!! Hardwork still pays 😉...

409
Nigerian Languages / Inflation in Nigeria
« on: February 13, 2024, 05:41:34 AM »
The price of dollar to naira latelely has increased, which is affecting the price of goods and services and has led to inflation in the country.
The question many people may ask is ,
1. What is the meaning of inflation ?
2. What is the cause of inflation ?

I will start by defining the word "Inflation "

Inflation is the rate of increase in prices over a given period of time or tge increase in cost of living in a country. Generally, inflation also affects our exchange rate in the country.


The main cause of inflation in our modern day is; Devaluation. And Devaluation occurs when a currency loses value in comparison to other currencies. This makes imports more expensive and can lead to inflation ...


410
Cryptocurrency Trading / Difference between Trading and Gambling
« on: February 12, 2024, 07:54:42 PM »
Trading is good in our modern world, only when you have to good equipments and you also go through the necessary procedures. For you to become a good trader you have to be able to at least have the experience and equipments to analyze the market before Trading.
In most cases, we tend to find out that in our environment both online and offline, people do say that trading is same as gambling, but critically looking at it trading is far more different and better than gambling.
In gambling, you tend to guess, and it is based on luck. Meanwhile, in trading you have to analyze the market and in order not to loose you money you can use a robot and a stop loss to make you don't lose your money.
Most people who have lost their money in trading, is as a result of not analyzing how the market is going or not using the required facilities and equipment in trading, and also getting good knowledge from experience traders.
Fun fact!! Knowledge is profitable if it is from the right source.

411
Basic questions about this forum / For Newbies
« on: February 12, 2024, 06:52:38 PM »
Gather here Newbies

This forum is a bit confusing for freshers (newbies)  here , but the key and most important thing for everyone in this platform is consistency, reading different articles to make sure you are enlightened on how the platform works.
I most say that everything in life have their Up's and Down's , But to be successful in anything you do always try to pay quality attention and be consistent in what you do regardless of the situation you find yourself.  Some people might ask; how can one  be consistent in something you're doing ? But the general answer to that question is putting more effort and paying your full attention to what you do and finally, give quality time to it.
Fun fact !!! Always remember that time spent well is money .

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